$SNDK is currently testing a key pressure level near 1680.
After rebounding from around 1565, the lows have been consistently rising, and the short-term long structure has already been clearly repaired. The most important thing now is not to chase, but to see whether 1680 can truly hold.
If 1680 is broken with strong volume and prices close firmly above it consecutively, the next target could be 1700—1720. If the momentum is strong, there may be further attempts around 1750.
If prices again surge and fail near 1680, the short term may easily pull back to 1650, even 1620. In terms of execution, it’s more suitable to wait for confirmation; it’s not recommended to heavily chase longs directly at the resistance level.
In short: 1680 is the watershed between bulls and bears—hold above it to look upward; if the breakout fails, then wait for a pullback.
After rebounding from around 1565, the lows have been consistently rising, and the short-term long structure has already been clearly repaired. The most important thing now is not to chase, but to see whether 1680 can truly hold.
If 1680 is broken with strong volume and prices close firmly above it consecutively, the next target could be 1700—1720. If the momentum is strong, there may be further attempts around 1750.
If prices again surge and fail near 1680, the short term may easily pull back to 1650, even 1620. In terms of execution, it’s more suitable to wait for confirmation; it’s not recommended to heavily chase longs directly at the resistance level.
In short: 1680 is the watershed between bulls and bears—hold above it to look upward; if the breakout fails, then wait for a pullback.